Here’s Why You Should Buy Critical Illness Insurance as Early as You Can.

 

Did you know that there was a 300% increase in the number of cancer cases in India between the years of 2017-2018? Coupled with the rise in such critical illnesses and lifestyle illnesses is medical inflation. Getting medical treatment at quality hospitals can get quite expensive these days. 

 

In such an environment, securing one’s future in terms of health and medical treatment becomes imperative. Regular Health Insurance For Family  may not be adequate to cover dangerous diseases such as heart ailments or cancer. This is where critical illness insurance comes into the picture. 

 

How does critical illness insurance work?

 

Critical illness insurance works on a benefit basis, that is the policyholder receives a lump sum payout equal to the sum insured instead of getting reimbursed for individual expenses in treatment. The lump sum payout is made on diagnosis of the critical illnesses covered under the policy after the individual crosses the stipulated survival period. The amount can be used by the policyholder to meet any expenses and financial obligations. 

 

Now, the biggest misconception that a lot of people hold towards these kinds of health insurance policies, and critical illnesses in general, is that these are topics meant for older people. Those in their 20s or 30s often feel that they do not need to worry about these critical illnesses. But facts tell a different story as critical illnesses can strike at any age.

 

Why is critical illness insurance important to have at an early age? 

 

The lifestyles of most young working professionals these days tend to be sedentary. Long working hours, stress, absence of exercise, and a lack of attention towards health and diet - these are common amongst the urban young. Even as most of them climb up the career ladder, their health suffers as a result of the above-mentioned factors. These have led to an increase in individuals showing symptoms of critical illnesses quite early. Hearing the news of 25-year olds getting heart failure is no more surprising. Scientists have repeatedly explained the link between a sedentary lifestyle and several life-threatening diseases. And, if one is not financially strong enough to cover the cost that the treatment for these diseases can incur, there are bound to be a lot of difficulties. This is why purchasing critical illness insurance as early as you can is important.  

 

Let’s take a look at some benefits of purchasing critical illness insurance early.  

Original Content:- Here’s Why You Should Buy Critical Illness Insurance as Early as You Can.